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Administered Schedule of Comprehensive Income

Notes

2020

2019

Original Budget1

$'000

$'000

$'000

NET COST OF SERVICES

Income

Revenue

Non-taxation revenue

Fees

2.2A

1,182

1,969

7,427

Total non-taxation revenue

1,182

1,969

7,427

Total revenue

1,182

1,969

7,427

Total income

1,182

1,969

7,427

The above schedule should be read in conjunction with the accompanying notes.

1 Original Budget reflects the figures in the 2019-20 Portfolio Budget Statements (PBS).

Budget Variance Commentary

Administered Schedule of Comprehensive Income

Affected line items

Explanation of major variances

Non-taxation revenue

Fees

Administered fee revenue is lower than budget due to the government relief measures in response to the COVID-19 pandemic. The budget measures include the refund and waivers of fees from 1 January 2020, and the deferral of TEQSA's cost recovery arrangements until 1 July 2021.